Wednesday, December 21, 2016

A FEW MORE TELING HEADLINES FROM TODAY, courtesy of CNBC

on CNBC today (the hype continues):

Dow 20K is just the 'tip of the iceberg' for this bull market

Here's the No. 1 reason the Dow is on the cusp of 20,000

Market rally should continue for a good part of 2017, strategist Paulsen says

Trump rally could be like Coolidge's Roaring '20s

So many hedge fund managers, analysts, institutions, etc were shaking in their booths just a couple months ago. They've been getting increasingly pessimistic about stock prices ever since the sideways consolidation that began in 2015. On Tradersutra, we've been expecting an upside breakout and a roaring end of year rally based on the lousy sentiment. Well things are finally turning the corner in a huge way. I am expecting not only a correction, but something much larger afoot, stock prices should start cascading down in early 2017 and undo the entire bullshit "trump" rally, which is an erroneous label by the way. This rally has been driven by mega short covering, chasing of performance, and the final salvo of retail money succumbing to the subversive machinations of the financial media.